What would happen to organizations if everyone carried a small device that gave them instantaneous access to all the world’s information? And this mystical device made it possible to locate prices for every good and service, including prices for labor and other inputs to the firm? And it enabled competitive market platforms where buyers and sellers could compete and contract with minimal friction at any time? This talk plays out the dystopian and utopian alternatives that we now face.

Gerald F. Davis is the Wilbur K. Pierpont Collegiate Professor of Management and Professor of Sociology at the University of Michigan, and author of "The Vanishing American Corporation: Navigating the Hazards of a New Economy."